Egypt inflation at 38 %

[Tetrachloride]

Egypt’s annual headline inflation rate rose to an all-time high of 38.2 percent in July, according to data published by the Central Agency for Public Mobilization and Statistics (CAPMAS), on Thursday, 10 August.

The increase in the annual headline inflation rate is mainly due to a 68.2 percent hike in food and beverage prices, 51.9 percent in alcohol and tobacco products, and 50.3 percent in restaurants and hotel services

and more to come in likely currency devaluation

hard on the poor

some are very poor

[Shermann]

1. Wow, I'm surprised there aren't more headlines about that

That's well into societal and/or governmental collapse territory.

[Tetrachloride]

2. the government and everyone is aware

the international community and Egypt expatriates favor Egypt food security with a lot of agreements

US Dollars and Euros are in shortage and imports are not paid. long story